Well, it wins the race of Debt Freedom and beyond into Building Wealth. (Yes, there is life and something beyond just not having debt, it is called building savings that is all yours.)
Yet, in order to get there you have to do the best you can with what you have.
As I have said before, people (myself included) get into and out of fiscal troubles by what they spend not what they make.
So controlling spending is a vital thing, but to do that you have to have a plan, be determined and stick to that plan, a plan that will take a long time to come to fruition.
So you have to stay motivated and keep on track even when it takes two weeks to take one little step forward.
You then have to wait two weeks to take the next step forward, and on and on it repeats until you can finally start to see some progress on your efforts.
Trust me I know how frustrating and discouraging it is, but it really is the only way that you are going to get out of debt and have some wealth.
To do that you need to plod on forward making slow and steady progress and the patience (and determination) to see it through.
Either that or just mire in debt until you’re forced to retire and then declare bankruptcy because you can no longer work to service the massive debt you have accumulated and carried for so long.
Oh . . . right, your house will go up and the equity in your house will not only pay off all of your debts but make you rich . . . right?
Do you really want to bet your future on that?
Could you afford to pay that price for your house? . . . So why should you expect someone else to pay that much?
As always: Keep your head up, your attitude positive, and keep moving forward!